Common use of Errors and Omissions Policy Clause in Contracts

Errors and Omissions Policy. The DESIGN-BUILDER shall require the architect or engineer of record, as applicable, and other design professionals to purchase, maintain, and keep in full force, effect, and good standing, a professional liability/errors and omissions insurance policy having minimum limits of $1,000,000, with a maximum deductible of $100,000.

Appears in 2 contracts

Sources: Design Build Pre Construction Agreement, Design Build Pre Construction Agreement

Errors and Omissions Policy. The DESIGN-BUILDER shall require the architect or engineer of record, as applicable, and other design professionals to purchase, maintain, and keep in full force, effect, and good standing, a professional liability/errors and omissions insurance policy having minimum limits of $1,000,000, with a maximum deductible of $100,0005,000,000 per claim and in the aggregate.

Appears in 1 contract

Sources: Design Build Pre Construction Agreement